5 Tips for Freelance Writers to Get Approved for a Loan

When you work as a freelance writer sometimes it might be difficult to get approved for a loan. Some banks are a little worried about lending money for a loan to self employed individuals. We know how hard it is as a freelance writer to get enough projects each month in order to make ends meet. You may be wondering if it is even possible to get a loan unless you've been a successful freelance writer for about three to five years. Someone out there will give you a yes to a loan even when most everyone else says no. It may be wondering how that is possible even with or without good credit. Since you are self employed make sure to bring a copy of tax information. Here are 5 tips to help freelance writers to get approved for a loan.

1. Show a long payment history on one major bill. Make sure that you can show that you have been paying on a major bill such as a house or even a car payment each month for a year or longer. Banks want to see a pattern that you can pay major bills on time. They look at bigger bills more than they do little bills. If you don't have a house payment then make sure to bring in a statement from your landlord if you have paid your rent on time each month.

2. Show You Don't Move From House To House. People feel more comfortable lending money to people that are stable and don't move around from house to house a ton of times. If you can show that you have lived at the same address for about five to ten years then it shows you are stable and that you aren't a flake.

3. Make Sure To Have Accounts Paid On Time On Credit Report. If you have good credit and a good credit score then that goes in your favor. If you have bad credit then make sure that you keep some of the accounts in good standing such as a mortgage or car payments. When you have bad credit you can still get a loan in some cases when you show that you are responsible enough to pay the most important bills each month.